CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Mar. 31, 2014
ASSETS
Cash and cash equivalents	$ 154,986	$ 156,082
Accounts receivable:
Oil and gas sales	601,195	628,098
Trade	9,672	18,144
Prepaid costs and expenses	104,860	28,804
Derivatives – Short-term	3,010
Total current assets	873,723	831,128
Property and equipment, at cost
Oil and gas properties, using the full cost method	36,415,229	35,460,741
Other	98,401	94,356
Accumulated depreciation, depletion and amortization	(19,098,685)	(18,475,174)
Property and equipment, net	17,414,945	17,079,923
Other noncurrent assets	19,692	7,239
Total Assets	18,308,360	17,918,290
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued expenses	343,266	257,431
Income tax payable		6,500
Derivative instruments		44,981
Total current liabilities	343,266	308,912
Long-term debt	2,600,000	2,425,000
Asset retirement obligations	945,733	926,577
Deferred income tax liabilities	850,546	858,449
Total liabilities	4,739,545	4,518,938
Stockholders' equity
Preferred stock - $1.00 par value; 10,000,000 shares authorized; none outstanding
Common stock - $0.50 par value; 40,000,000 shares authorized; 2,104,266 shares issued and 2,038,266 shares outstanding as of September 30, 2014 and March 31, 2014, respectively	1,052,133	1,052,133
Additional paid-in capital	6,985,798	6,921,645
Retained earnings	5,871,876	5,766,566
Treasury stock, at cost (66,000 shares)	(340,992)	(340,992)
Total stockholders' equity	13,568,815	13,399,352
TOTAL	$ 18,308,360	$ 17,918,290